Alphabet Inc. (NASDAQ: GOOGL) is Canoe Financial LP’s 6th Largest Position
Canoe Financial LP increased its holdings in shares of Alphabet Inc. (NASDAQ: GOOGL– Free Report) by 0.6% in the very first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission (SEC). The company owned 1,432,014 shares of the details providers’s stock after acquiring an extra 8,000 shares […]
Canoe Financial LP enhanced its holdings in shares of Alphabet Inc. (NASDAQ: GOOGL– Free Report) by 0.6% in the very first quarter, according to the company in its newest 13F filing with the Securities and Exchange Commission (SEC). The company owned 1,432,014 shares of the info companies’s stock after acquiring an extra 8,000 shares during the duration. Alphabet accounts for about 3.5% of Canoe Financial LP’s financial investment portfolio, making the stock its sixth largest holding. Canoe Financial LP’s holdings in Alphabet deserved $221,447,000 since its most recent SEC filing. A number of other big investors likewise just recently bought and sold shares of GOOGL. Covea Finance raised its holdings in Alphabet by 221.4% in the first quarter. Covea Financing now owns 444,500 shares of the details companies’s stock worth $68,737,000 after purchasing an extra 306,185 shares throughout the last quarter. Consultant Resource Council bought a brand-new position in Alphabet in the first quarter worth about $7,899,000. Segment Wealth Management LLC raised its holdings in Alphabet by 6.4% in the very first quarter. Sector Wealth Management LLC now owns 87,505 shares of the information providers’s stock worth $13,532,000 after purchasing an extra 5,286 shares during the last quarter. Compass Ion Advisors LLC raised its holdings in Alphabet by 0.6% in the very first quarter. Compass Ion Advisors LLC now owns 11,761 shares of the details services provider’s stock worth $1,819,000 after buying an extra 72 shares during the last quarter. Finally, Riverwater Partners LLC raised its holdings in Alphabet by 4.7% in the first quarter. Riverwater Partners LLC now owns 12,288 shares of the details providers’s stock worth $1,900,000 after purchasing an extra 550 shares throughout the last quarter. 40.03% of the stock is owned by hedge funds and other institutional financiers. Analyst Downgrades and upgrades Several research study experts have released reports on the stock. Truist Financial reduced their target price on shares of Alphabet from $220.00 to $200.00 and set a “buy” score for the business in a report on Thursday, April 17th. BMO Capital Markets reaffirmed an “outperform” rating and provided a $200.00 target cost (below $230.00) on shares of Alphabet in a report on Thursday, April 17th. Morgan Stanley reduced their target rate on shares of Alphabet from $210.00 to $185.00 and set an “obese” ranking for the business in a report on Thursday, April 17th. Roth Mkm restated a “buy” rating and released a $220.00 rate target on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Needham & Business LLC reiterated a “purchase” rating and issued a $178.00 rate target on shares of Alphabet in a research study note on Friday, April 25th. Ten research analysts have ranked the stock with a hold ranking, twenty-six have designated a buy rating and 4 have offered a strong buy ranking to the business. According to information from MarketBeat, the stock currently has an agreement rating of “Moderate Buy” and an average target price of $199.75. Alphabet Price Performance Shares of NASDAQ: GOOGL opened at $165.19 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The business has a market capitalization of $2.00 trillion, a P/E ratio of 18.42, a P/E/G ratio of 1.06 and a beta of 1.01. The firm’s 50 day simple moving average is $164.89 and its two-hundred day easy moving average is $174.66. Alphabet (NASDAQ: GOOGL– Get Free Report) last provided its quarterly revenues outcomes on Thursday, April 24th. The information companies reported $2.81 revenues per share for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The business had earnings of $76.49 billion for the quarter, compared to the consensus price quote of $89.30 billion. Throughout the exact same quarter in the previous year, the company made $1.89 earnings per share. Research study experts anticipate that Alphabet Inc. will publish 8.9 EPS for the existing fiscal year. Alphabet Increases Dividend Business likewise just recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, June 9th. This is an increase from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s payout ratio is 9.36%. Insider Deals at Alphabet In other news, insider John Kent Walker offered 11,764 shares of business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average cost of $166.84, for an overall worth of $1,962,705.76. Following the transaction, the expert now owns 49,037 shares of the business’s stock, valued at around $8,181,333.08. The trade was a 19.35% reduction in their ownership of the stock. The deal was divulged in a filing with the Securities & Exchange Commission, which can be accessed through this link. CEO Sundar Pichai offered 32,500 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were cost an average cost of $176.68, for a total transaction of $5,742,100.00. Following the sale, the ceo now straight owns 2,555,196 shares in the company, valued at around $451,452,029.28. The trade was a 1.26% reduction in their position. The disclosure for this sale can be discovered here. Over the last quarter, experts have sold 228,070 shares of business stock valued at $37,745,632. 11.55% of the stock is currently owned by business experts. Alphabet Profile (Free Report) Alphabet Inc uses different products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Providers, Google Cloud, and Other Bets segments. The Google Services sector supplies products and services, including advertisements, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. Included Articles Want to see what other hedge funds are holding GOOGL? See HoldingsChannel.com to get the most recent 13F filings and expert trades for Alphabet Inc. (NASDAQ: GOOGL– Free Report ). Receive News & Rankings for Alphabet Daily – Enter your email address listed below to get a succinct day-to-day summary of the current news and analysts’ scores for Alphabet and associated business with MarketBeat.com’s FREE everyday e-mail newsletter.
Canoe Financial LP enhanced its holdings in shares of Alphabet Inc. (NASDAQ: GOOGL– Free Report) by 0.6% in the first quarter, according to the business in its most current 13F filing with the Securities and Exchange Commission (SEC). Truist Financial decreased their target cost on shares of Alphabet from $220.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Expert Transactions at Alphabet In other news, expert John Kent Walker sold 11,764 shares of the company’s stock in a deal on Thursday, March 27th. Alphabet Profile (Free Report) Alphabet Inc uses numerous items and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. Get News & Ratings for Alphabet Daily – Enter your email address below to get a concise day-to-day summary of the latest news and experts’ rankings for Alphabet and associated companies with MarketBeat.com’s FREE day-to-day email newsletter.
